75 Cleveland Place For Sale

London, East J, N5Z 4T5

$589,900

Description

Listed by RARE REAL ESTATE.

Welcome to 75 Cleveland Pl, a beautifully updated and excellent investment property with an 8.76% CAP RATE! Nestled in the heart of the desirable Glen Cairn neighbourhood. This fully renovated (2021) bungalow features a spacious 3+3 bedroom, 1+1 bathroom layout, situated on a 37x111 ft lot. The property is currently tenanted and generating $4,305/month inclusive, this property is an incredible investment opportunity. Both sets of tenants are excellent and on a month-to-month basis as of November 2024, allowing for continuity. The main level offers a bright, open-concept living and dining area perfect for family gatherings, along with three well-sized bedrooms. The lower level presents a fully modernized in-law suite with a separate entrance, featuring three additional bedrooms, a full bath, and a cozy living space-an ideal setup for extended family, guests, or rental income. Located in Glen Cairn, one of London's most charming and convenient communities, this property benefits from a peaceful, tree-lined street while being just minutes away from major amenities. With proximity to Victoria Hospital, top-rated schools, shopping centers, restaurants, and quick access to the 401 & 402 highways, Glen Cairn combines suburban tranquility with urban convenience. Whether you're seeking a multi-generational living solution, a mortgage helper, or a pure investment, 75 Cleveland Pl offers endless possibilities in a fantastic neighbourhood. Don't miss out on this rare opportunity!

8.76% Cap Rate, closing anytime for investment purposes.

Location

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  • Address: 75 Cleveland Place
  • Neighborhood: East J
  • City: London
  • State: Ontario
  • Postal Code: N5Z 4T5

Property Details

  • Property ID: X10415327
  • Property Price: $589,900
  • Style: Detached, Bungalow
  • Rooms: 7+6
  • Bedrooms: 3+3
  • Bath: 2
  • Parking Spaces: 5
  • A/C: Central Air
  • Basement: Finished, Sep Entrance
  • Den: Y
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $3,759.77 (2024)
  • Acreage: < .50 Acres
  • Lot: 110.92x39.47 (Feet)

Room details and dimensions

Statistics for similar Detached homes in East J

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Detached homes in East J

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in East J

Property History

This property has been sold 3 times before. To view this property's sale price history please sign in or register:


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Recently Sold

    • Sold 20 days ago

    440 Cleveland Avenue

    London, South J, N5Z 3C2

    $564,900

    $000000

    • Sold 60 days ago

    214 Buckingham Street

    London, South H, N5Z 3V7

    $599,000

    $000000

    • Sold 38 days ago

    197 Buckingham Street

    London, South J, N5Z 3V6

    $599,900

    $000000

  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 576 - 2100

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